LPL Financial Holdings (LPLA) has 14,505,735 shares of shorts outstanding as on August 15, 2016, with 29 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 15,099,880 shares. The stock has a decent trading volume of 495,154 shares daily. The marginal decrease in the short positions is by -3.9%, which amounts to -594,145 shares. Short positions are 18.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
LPL Financial Holdings (NASDAQ:LPLA): The stock opened at $28.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.24 for the day. The stock traded down to $28.50 during the day, due to lack of any buying support eventually closed down at $28.64 with a loss of -0.59% for the day. The stock had closed at $28.81 on the previous day. The total traded volume was 357,053 shares.
In a related news, Buchheister Jeffrey R., officer (EVP, Chief Accounting Officer) of Lpl Financial Holdings Inc., executed a transaction worth $1,640 on February 12, 2016. A total of 100 shares were purchased at an average price of $16.4. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
LPL Financial Holdings Inc. is an independent broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at around 700 financial institutions, enabling them to provide their retail investors with objective financial advice. It also supports approximately 4,400 financial advisors who are affiliated and licensed with insurance companies through customized clearing services, advisory platforms, and technology solutions. It provides its advisors with the front-office, middle-office, and back-office support. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its subsidiaries include LPL Financial LLC, The Private Trust Company, N.A., Independent Advisers Group Corporation and LPL Insurance Associates, Inc.